The loan is repaid once the last remaining borrower moves out of the home. Normally, the home is sold, the loan, (including accrued interest and any fees), is repaid, and the remaining equity is left to do as you wish.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.